‘Moving forward’ – Newcastle United’s owners haven’t stopped, and ‘negotiations continue’

There’s now endless disagreement in the Italian media over what’s happening, if anything, between the new owners of Newcastle United and Inter Milan.

Shortly after Saudi Arabia’s Public Investment Fund had completed their takeover of the Premier League club, claims appeared in Italy stating there were talks happening for Inter as well.

That didn’t come completely out of the blue, given the PIF had been linked with the Italian club previously, and purchasing the business from current struggling owners Suning.

Denials then appeared, followed by insistence there was something in the claims, and now Calciomercato have news from China, where Suning are based. They say Newcastle’s owners are ‘moving forward’ with regards to purchasing Inter, so the stance is it’s not true the idea has been shelved.

According to the claims, ‘negotiations continue’ between the PIF and Suning, and it’s again stated Inter Milan is valued at around €1bn. There’s thought to be differences between the parties on exact valuation, but differences which won’t be too hard to bridge.

Should both clubs qualify for the same UEFA competition, and are both owned by PIF, that would create problems, yet there are ways around that, as Red Bull have shown in the past.